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Iowa Attorney General Tom Miller urged the U.S. Senate to approve the nomination of Richard Cordray to the U.S. Consumer Financial Protection Bureau, Miller said in a telephone news conference Wednesday.

The bureau was created in 2011 to protect homeowners and credit card holders from abuses of predatory lenders. President Barack Obama appointed Cordray to lead the agency in January 2012 while the U.S. Senate was in recess. He has asked the Senate to approve his nomination of Cordray, but a vote has yet to be scheduled.

Cordray is a former Ohio attorney general with a record of consumer ...